As a North Carolina general contractor, getting new clients is an exciting experience. Starting a new project and doing the job well can boost your business’ visibility. However, if it does not progress as planned, repercussions can be severe. The team at the Triangle Law Group has experience in assisting with complex construction disputes.
PlanRadar reports that there are several formal steps required before construction litigation begins that provide the opportunity to stay out of court. Party-to-party negotiation is the most common first step when disputes arise. Contracts typically have a negotiation clause, which means that the parties involved agree to attempt resolution of the issues before moving to bring in third-party assistance. In the event negotiation does not work, there are other steps to take that may enable you to avoid a trial.
- Mediation uses an independent third party to help the parties reach a settlement.
- Arbitration is often legally binding. It includes an independent third party, experienced in the construction industry. They render a decision after viewing all relevant documentation and facts concerning the issue.
If these alternatives fail to resolve the dispute, litigation is possible. While it is the most thorough resolution method, it is also the most time consuming and costly. Reading the agreement and addressing concerns before signing the contract and beginning the project can help avoid many of the most common dispute issues. Visit our webpage for more information on this topic.
